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9. Patrick Ross, the president of M & M Materials Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available: Month Machine-hours Overhead Costs February 1,870 $22,500 March 3,080 24,475 April 1,100 24,321 May 2,750 23,650 June 3,850 31,196 Required: Using the high-low method, determine the overhead cost equation. Use machine-hours as your cost driver. 7. The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Cost Hours $23,000 5,000 $26,000 6,450 $34,600 7,650 $42,000 10,000 $38,000 9,350 What is the estimated total cost at an operating level of 9,000 hours? A) $34,200 B) $38,200 C) $41,400 D) $37,800